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Finance is What???
Org Structures
The Bal-Ance Sheet
Make that income "statement"
Ratio my way to success
100
More value is preferred to less; the sooner cash is received, the more valuable it is; and less-risky assets are more valuable than riskier assets is...
What are the three basic concepts of making sound financial decisions.
100
John has one employee, but does all of the managerial operations by himself...which structure is John's business...
Who is a proprietorship?
100
What is the general accounting equation for this document...
What is assets = liabilities + capital (OE)?
100
The income statement is also known as...
What is a profit/loss statement?
100
Accounts receivables can be categorized as this...
What is a liquid asset?
200
Managerial finance, financial services, investments, and financial markets are...
What are the general areas of finance?
200
Sharing tax burdens and debt liability is what type or business structure...
Who is a partnership?
200
Assets are listed in this order...
What is according to their liquidity?
200
In managerial finance, one very important "bottom line" number and one of the most important items on the income statement is...
Who is earnings per share?
200
If you are a banker and Willoughby Enterprises provided you a .01 current ratio...would you give them a loan and how would you suggest they fix this ratio?
What is no and to analyze their budget to pay off short-term debt.
300
Mergers and acquisitions or merger analysis falls under which area of finance?
What is managerial finance?
300
John went into business with Sandy, but he didn't want to be liable for the full debts of the business. What type of structure should they file...
What is an LLP (limited liability partnership)?
300
Last year, Willoughby Enterprises had a net income of $100,000 and decided to give $10,000 as dividends and keep the rest for a building they will purchase next year. What account did the $90,000 go to on the balance sheet?
What is retained earnings?
300
Joe sold several items of inventory...the income statement section of the chapter would title this as...
What is operating cash flows?
300
In year 1 of business, John had a debt ratio of 50% and in year 2 it lowered to 40%...as a financial manager how do you interpret this ratio movement?
Answers will vary...
400
70-75% of businesses are operated under this type of form?
What is a proprietorship?
400
Its time for Starbucks to elect a new director on the executive board, where would one look for this procedure?
What are bylaws?
400
John the accountant, purchased the building for $90,000. After turning in the balance sheet to the CFO of Willoughby Enterprises, Jason noticed that there was an increase in the inventory account of $90,000. What is wrong with this situation?
What is John should put the $90,000 into a long-term asset or non-current asset, or plant and equipment account instead of inventory?
400
provides an a better indication of the cash flows that are generated by normal operations...
What is EBITDA?
400
taking out inventory is the major difference between these two ratios...
What is the quick ratio and the current ratio?
500
John decided to change his business from a proprietorship to a corporate due to one major issue...
What is the unlimited liability of a proprietor?
500
Styxx company decided only allow 100 investors to buy their stock...which organization is Styxx?
What is an S Corporation?
500
Five years down the road, an accounting firm values the new building at $150,000, but the account shows that it has depreciated to $40,000. Categorize these numbers into their correct value (book or market)...
What is $40,000 is book value and $150,000 is market value.
500
The cash flow statement has which three sections...
What are operating activities, long-term investing activities, and financing activities?
500
If Joe has a 10.4% profit margin, this can be interpreted as...
What is per every dollar sold, Joe makes approximately 10 1/2 cents profit.